Sylebra HK Co Ltd boosted its holdings in Scientific Games Corp (NASDAQ:SGMS) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,619,044 shares of the technology company’s stock after acquiring an additional 36,275 shares during the quarter. Scientific Games Corp accounts for about 20.3% of Sylebra HK Co Ltd’s investment portfolio, making the stock its biggest position. Sylebra HK Co Ltd owned about 9.64% of Scientific Games Corp worth $224,957,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hanseatic Management Services Inc. grew its stake in Scientific Games Corp by 0.3% during the second quarter. Hanseatic Management Services Inc. now owns 54,440 shares of the technology company’s stock worth $1,421,000 after buying an additional 148 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Scientific Games Corp by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the technology company’s stock worth $548,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System grew its stake in Scientific Games Corp by 0.7% during the second quarter. Arizona State Retirement System now owns 26,867 shares of the technology company’s stock worth $701,000 after buying an additional 200 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Scientific Games Corp by 1.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 11,600 shares of the technology company’s stock worth $274,000 after buying an additional 220 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in Scientific Games Corp by 0.3% during the second quarter. Prudential Financial Inc. now owns 91,974 shares of the technology company’s stock worth $2,401,000 after buying an additional 234 shares during the last quarter. 62.77% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. Craig Hallum reaffirmed a “buy” rating and set a $56.00 price objective (up from $45.00) on shares of Scientific Games Corp in a research note on Thursday. Bank of America Corporation reaffirmed a “buy” rating and set a $50.00 price objective (up from $38.00) on shares of Scientific Games Corp in a research note on Wednesday, September 20th. Zacks Investment Research cut shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus upped their price objective on shares of Scientific Games Corp from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 18th. Finally, BidaskClub cut shares of Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Scientific Games Corp has an average rating of “Buy” and an average target price of $42.20.

In related news, EVP James C. Kennedy sold 122,681 shares of Scientific Games Corp stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $37.14, for a total transaction of $4,556,372.34. Following the sale, the executive vice president now directly owns 186,363 shares of the company’s stock, valued at approximately $6,921,521.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gabrielle K. Mcdonald sold 2,133 shares of Scientific Games Corp stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $38.50, for a total transaction of $82,120.50. Following the sale, the director now directly owns 7,173 shares in the company, valued at $276,160.50. The disclosure for this sale can be found here. Insiders have sold a total of 192,850 shares of company stock worth $7,281,691 over the last ninety days. 42.03% of the stock is currently owned by insiders.

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Scientific Games Corp (NASDAQ SGMS) traded up 0.73% during mid-day trading on Friday, hitting $48.05. 527,504 shares of the stock traded hands. Scientific Games Corp has a one year low of $10.90 and a one year high of $48.05. The stock’s market capitalization is $4.30 billion. The company has a 50 day moving average price of $39.55 and a 200-day moving average price of $29.50.

Scientific Games Corp (NASDAQ:SGMS) last announced its quarterly earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.08. The company had revenue of $766.30 million for the quarter, compared to the consensus estimate of $732.93 million. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.59) earnings per share. Equities analysts anticipate that Scientific Games Corp will post ($2.24) earnings per share for the current fiscal year.

Scientific Games Corp Profile

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.

Institutional Ownership by Quarter for Scientific Games Corp (NASDAQ:SGMS)

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